Amazon plunks down $775M for order-fulfiller Kiva Systems
Amazon has announced that it is planning to acquire Kiva Systems, which is known for its automated material handling order fulfillment system.
Given Kiva's scalable e-commerce and warehouse automation solutions, it seems that Amazon will be putting Kiva's resources to use for internal management related to its online retail business and warehouses worldwide.
Dave Clark, vice president of global customer fulfillment at Amazon.com, commented in a release, "Amazon has long used automation in its fulfillment centers, and Kiva's technology is another way to improve productivity by bringing the products directly to employees to pick, pack … Read more